Volga-Dnepr restructures to combine airlines into “mono-company”

Volga-Dnepr An-124-100

Outsized and scheduled freight specialist Volga-Dnepr Group is restructuring to optimise operations and improve efficiency including consolidating its three airlines into what it describes as a “mono-company”.

The group includes Volga-Dnepr Airlines, its charter outsize cargo carrier which relies on a fleet of Antonov An-124s and Ilyushin Il-76s, its scheduled cargo arm, AirBridgeCargo which relies on B747 freighters, and Atran which operates B737Fs.

Alexey Isaikin, chairman of the Board, founder and co-owner of the Volga-Dnepr Group, says the restructuring was necessary given the impact of Covid-19 on world economies and the air cargo sector in particular.

“Facing the challenges that have led to fundamental changes and revision of the passenger and cargo services value from a biosecurity perspective, we have decided on the necessity for transformation,” Isaikin says. “I am confident that a strong Board of Directors will help the executive team successfully transform and adapt business leaders to the COVID-reality environment.”

The restructuring comes out of a recent board meeting in which a streamlined board was presented and the Group’s performance and most pressing issues for the past five months were discussed. This includes the relationship with creditors, suppliers and customers.

“To optimise operations, improve efficiency and provide a consolidated level of services for customers under the “COVID-crisis” conditions, a new concept transforming Volga-Dnepr Group of Airlines into a Mono-company was presented,” the Group says.

Three committees of the Board of Directors have also been formed: Strategy and Transformation, Budget and Audit, Staff and Appointments, two of which are headed by independent Directors.

The restructured Board of Directors line-up includes:

  • Alexey Isaikin – chairman of the Board, the founder and co-owner of the Volga-Dnepr Group;
  • Sergey Shklyanik – deputy chairman, co-owner of the Volga-Dnepr Group;
  • Tatiana Arslanova – deputy chairman, executive operating director of Volga-Dnepr Group;
  • Ruben Vardanyan – an independent director, Russian business leader, social entrepreneur and philanthropist;
  • Giorgio Callegari – an independent Director, a member of the Boards of Directors in Insurance Public Companies Ingosstrakh and Enel Russia, and a former member of the Boards of Directors of Alitalia and Aeroflot;
  • Ella Sytnik – an independent Director and a partner of Ward Howell, specialising in organisational transformation and team development management;
  • Stanislav Tillich – an independent Director and former Prime Minister of Saxony.

Other personnel changes include the promotion of Konstantin Vekshin to chief commercial officer from executive president, charter cargo operations.

Vekshin’s key tasks will be to implement the Group’s approved marketing directive and sales plan, in addition to the centralisation and digitalisation of all its sales teams.

Summary
Volga-Dnepr restructures to combine airlines into "mono-company”
Article Name
Volga-Dnepr restructures to combine airlines into "mono-company”
Description
Outsized and scheduled freight specialist Volga-Dnepr Group is restructuring to optimise operations and improve efficiency including consolidating its three airlines into what it describes as a “mono-company”.
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AsiaCargoBuzz.com
AsiaCargoBuzz.com
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